Charter Hall Expands ALDI Partnership with New 20-Year Pre-Lease in Tarneit and Brendale Facility Extension
Charter Hall has signed a 20-year pre-lease agreement with ALDI for a new facility at Tarneit, Victoria, and expanded ALDI's existing Brendale, Queensland distribution center with an additional eight-year lease. The Tarneit development will feature a 102,000 square meter warehouse with automation technology, while Brendale will see an extension of 13,500 square meters and a new 9,000 square meter freezer facility. Charter Hall's partnership with ALDI now covers 378,000 square meters across nine sites in Australia.
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Charter Hall has entered a 20-year pre-lease agreement with ALDI for a new logistics facility at the Tarneit Logistics Hub in Victoria, covering 102,000 square meters and featuring automation technology. Completion is expected by year-end.
Additionally, ALDI has extended its lease at the Brendale Distribution Facility in Queensland by eight years, expanding its total space to 22,500 square meters, including a new freezer facility. These agreements increase Charter Hall's industrial partnership footprint with ALDI to 378,000 square meters across nine sites, with total ALDI leases reaching 407,000 square meters nationwide.
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